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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

StateIllinois
Reporting JurisdictionMount Vernon School District 80
Jurisdiction type: School district
Fiscal year ending In2019
Program nameTax Increment Financing (TIF)
Program purpose: General Economic Development
Statutory authority: 65 ILCS 5/11-74.4
Abating jurisdiction(s): Jefferson County
Applicable taxesProperty Tax
Method of abatement: Payment In Lieu of Taxes (PILOT)
Provisions for recapture: (not specified)
Gross revenue loss: $275,942
Reimbursement / offset: $0
Net revenue loss: $275,942
Type of loss: Passive
Additional notes on dislosureThe District levies for the amount of taxes based on current allowable amounts; therefore, the amount of revenue that would be distributed to the District from Jefferson County related to these property tax abatements is not determinable.